The London and Brighton Plating Company Limited

Registered number

00407624

Filleted Accounts

31 March 2025

The London and Brighton Plating Company Limited
Registered number:		00407624
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		2,768			58,639
Tangible assets	4		784,896			816,306
			787,664			874,945

Current assets
Stocks		30,000			28,500
Debtors	5	1,449,510			1,438,435
Cash at bank and in hand		149,235			53,285
		1,628,745			1,520,220

Creditors: amounts falling due within one year	6	(446,019)			(351,838)

Net current assets			1,182,726			1,168,382

Total assets less current liabilities			1,970,390			2,043,327

Creditors: amounts falling due after more than one year	7		(503,397)			(592,539)

Provisions for liabilities			(132,769)			(112,012)


Net assets			1,334,224			1,338,776

Capital and reserves
Called up share capital			10,000			10,000
Share premium			24,709			24,709
Capital redemption reserve			295,479			295,479
Revaluation reserve	9		334,863			366,553
Profit and loss account			669,173			642,035

Shareholders' funds			1,334,224			1,338,776

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Stefan De Lillis
Director
Approved by the board on 22 October 2025

The London and Brighton Plating Company Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

	Freehold property	over 100 years
	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Intellectual property:

	Cost
	At 1 April 2024					144,156
	Additions					11,650
	At 31 March 2025					155,806

	Amortisation
	At 1 April 2024					85,517
	Provided during the year					67,521
	At 31 March 2025					153,038

	Net book value
	At 31 March 2025					2,768
	At 31 March 2024					58,639

	IP is being written off in annual instalments over its estimated economic life of 3 to 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	799,999		756,798		1,556,797
	Additions	-		8,235		8,235
	At 31 March 2025	799,999		765,033		1,565,032

	Depreciation
	At 1 April 2024	97,037		643,454		740,491
	Charge for the year	3,295		30,395		33,690
	Surplus on revaluation	5,955		-		5,955
	At 31 March 2025	106,287		673,849		780,136

	Net book value
	At 31 March 2025	693,712		91,184		784,896
	At 31 March 2024	702,962		113,344		816,306


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			329,547		329,547
	Cumulative depreciation based on historical cost			(82,467)		(79,172)
				412,014		408,719


5	Debtors			2025		2024
£					£

	Trade debtors			270,092		253,148
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,143,755		1,143,755
	Other debtors			35,663		41,532
				1,449,510		1,438,435


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			85,000		71,000
	Obligations under finance lease and hire purchase contracts			13,200		13,200
	Trade creditors			77,173		73,383
	Taxation and social security costs			57,535		34,078
	Other creditors			213,111		160,177
				446,019		351,838


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			474,695		550,837
	Obligations under finance lease and hire purchase contracts			28,702		41,702
				503,397		592,539


8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			559,695		621,837

	The bank loans are secured by a fixed charge against the property and a fixed and floating charge over all other assets of the company.


9	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			366,553		371,419
	Transfer to profit and loss account			(5,955)		(5,955)
	Deferred taxation arising on the revaluation of land and buildings			(25,735)		1,089

	At 31 March 2025			334,863		366,553


10	Controlling party

	The company is a wholly owned subsidiary of Symphony Delta Limited whose registered office is: Grove House Main Road, Elm, Cambridgeshire PE14 0AG.


11	Other information

	The London and Brighton Plating Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	100 North Street
	Portslade
	Brighton
	West Sussex
	BN41 1DG